DUBAI, UAE. 3th September
2019: High Impact Resistant PMMA Market is set to witness a higher CAGR during
the forecast period. Polymethyl methacrylate (PMMA) is one of the widely used
acrylics in the plastics industry. Acrylics are available in several forms such
as casting syrups and molding powder are commonly known for remarkable clarity
and features. Acrylics are widely used in the production of fixtures due to
aesthetic properties.
High impact resistant
PMMA market is driven rise in demand for high strength, chemical and UV
resistance. Increase in applications such as plastic sheet glass in vehicles
and commercial fittings propels the market growth. The market is stimulated due
to rise in technological infrastructure and demand for innovative products. The
PMMA is an alternative to glass that offers features such as transparency, high
UV resistance and efficient light transmission. However, significant pricing
and availability of cheaper substitutes hinders the market growth during the
forecast period.
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By Grade, the high
impact resistant PMMA industry is segmented as general and optical purpose.
Application category is segmented as construction, automotive, smartphones,
televisions, virtual reality headsets, signs & displays and lighting
fixtures & electronics. By type, the market segmentation includes 3D back
cover glass and 3D display glass.
Geographical
segmentation for the market spans North America, South America, Europe,
Asia-Pacific, Middle East and Africa. Asia-Pacific accounts for a significant
market share in the international market due to rise in demand for high quality
plastics in end-use industries. Growth in infrastructural development enlarges
the market scope.
North America regions
register a higher market position due to adoption of innovative approach for
producing LED lights. The demand for PMMA is rising due to technological
advancements and innovation. The key players profiled in the high impact
resistant PMMA market Chi Mei Corporation, Sumitomo Chemical Co and Mitsubishi
Rayon Co Ltd.
Market Segment:
Key Applications
§
Building &
Construction
§
Electronics &
Electrical
§
Automotive
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Key regions
§
North China
§
Northeast China
§
East China
§
South Central China
§
Southwest China
§
Northwest China
Key Vendors
§
Evonik
§
Arkema
§
Mitsubishi Rayon Co
§
LG MMA
§
Kuraray
§
Asahi Kasei
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